Download presentation

Published byJennifer Stone Modified over 3 years ago

1
Chain Discounts chain discount: series of discounts or when more than one discount is given – a discount on an already discounted price Another discount that can happen is that of a chain discount. A chain discount is where there is more than one discount that will be used on one product. A supplier may offer chain discounts to sell out a discontinued item or to encourage you to place a larger order. A chain discount is a series of discounts.

2
**For chain: 35% less 20% less 15% or 35/20/15**

Does this mean 70% off? no 35% discount is deducted from the retail price to yield first net price Then, 20% is deducted from first net price to yield second net price Then 15% is deducted from the second net price to yield final net price An example of a chain discount would be where a business has taken a product and already discounted 35% off and you discount an additional 20% off and you offer a 15% coupon to customers to increase sales. This does not mean 35% + 20% + 15% off. 35% discount is deducted from the list (retail) price to yield first net price. 20% of first net price is deducted from first net price to yield second net price. 15% of second net price is deducted from second net price to yield final net price.

3
**For Example Retail price is $400. Chain discount is 30% less 25%.**

Find the first net price Dollar Discount = X = First Net Price = = Final net price Final Net Price = = List price is $400. Chain discount is 30% less 25%. Find the first net price. Paid Percent of 30% = 70% 400 * .70 = 280 Find the final net price. Paid Percent of 25% = 75% 280 * .75 = 210

4
**Make it simple Chain Shortcut Formula**

Retail Price x (1 – 1st discount) x (1 – 2nd discount) Example List Price of $200. Chain discount is 15% less 25% Net Price: x X = $200 x (1-.15) x (1-.25) $200 x (.85) x (.75) Answer = $127.50

5
Putting it together The Green Lawn Corporation produces a lawn mower, which is priced at $695. A new model is ready for production, so the old model is to be discontinued. Green Lawn is offering a chain discount of 20% then 10% (20/10). What is the final net price of the old lawn mower? Answer to example First Net Price 695 * .80 = 556 Final Net Price 556 * .90 = $500.40

6
Example: You get a coupon in the mail for 40% off of a pair of shoes that are already 25% off. The shoes are $50. What would your final cost for the Shoes be? Net Price: x X =

7
Try: $895 with 20/10/35 discount Net Price: x X X =

8
Figure this… The football stadium sold a total of 15,500 tickets, of those tickets 25% were sold to women. Of the tickets sold to women, 50% of them were sold at a discounted price. How many women purchased discounted tickets? Remember to round up to the nearest whole number 15,500 x .25 = 3875 3875 x .50 = 1938

Similar presentations

OK

Comparison of X-ray diffraction patterns of La 2 CuO 4+ from different crystals at room temperature Pia Jensen.

Comparison of X-ray diffraction patterns of La 2 CuO 4+ from different crystals at room temperature Pia Jensen.

© 2017 SlidePlayer.com Inc.

All rights reserved.

Ads by Google

Ppt on effect of global warming on weather alaska Ppt on db2 mainframes ibm Ppt on refraction of light class 10 Ppt on buddhism and jainism religion Ppt on economic sectors in india Ppt on do's and don'ts of group discussion Ppt on conservation of momentum law Ppt on different occupations in art Authenticity of the bible ppt on how to treat Ppt on self awareness games